Civic Intelligence

Ryan Banks Academy

990 • Fiscal year 2021 • EIN 47-3666107

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 02, 2022

Organization ProfileWWW.RYANBANKSACADEMY.ORG
5401 S WentworthChicago, IL 60609

(312) 585-5883

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.19x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

73rd percentile

30%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$45,000

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

93rd percentile

135%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

36%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$370,355

Up $213,008 (+135%) from 2020

Net Assets

Up

$299,016

Up $208,451 (+230%) from 2020

Liabilities

Up

$71,339

Up $4,557 (+6.8%) from 2020

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin73rd percentile

Revenue

Up

$697,100

Up $183,299 (+36%) from 2020

Expenses

Down

$488,649

Down $215,805 (-31%) from 2020

Net Income

Up

$208,451

Up $399,104 (+209%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2018: $97,297Liabilities 2018: $02018Assets 2019: $63,136Liabilities 2019: $0Net Assets 2019: $63,1362019Assets 2020: $157,347Liabilities 2020: $66,782Net Assets 2020: $90,5652020Assets 2021: $370,355Liabilities 2021: $71,339Net Assets 2021: $299,0162021Assets 2022: $340,400Liabilities 2022: $0Net Assets 2022: $340,4002022

Highlighted filing

2021

Assets$370,355
Liabilities$71,339
Net Assets$299,016
Open 2021 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $102,182Expenses 2018: $24,575Net Income 2018: $77,6072018Revenue 2019: $337,845Expenses 2019: $372,006Net Income 2019: -$34,1612019Revenue 2020: $513,801Expenses 2020: $704,454Net Income 2020: -$190,6532020Revenue 2021: $697,100Expenses 2021: $488,649Net Income 2021: $208,4512021Revenue 2022: $652,818Expenses 2022: $617,627Net Income 2022: $35,1912022

Highlighted filing

2021

Revenue$697,100
Expenses$488,649
Net Income$208,451
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 2, 2022
Return Version
2020v4.0
Gross Receipts
$697,100
Mission and Program Overview

Mission

Ryan banks academy is chicago's first tuition-free, inner city, co-ed residential boarding school for underserved children grades 7th through 12th. Rba will combine a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generations of leaders, thinkers, and world- changers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$157,347$370,355▲ $213,008
Total Assets$157,347$370,355▲ $213,008
Liabilities
Other Liabilities$66,782$71,339▲ $4,557
Total Liabilities$66,782$71,339▲ $4,557
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$90,565$299,016▲ $208,451
Total Net Assets Fund Balance$90,565$299,016▲ $208,451
Total Liabilities and Net Assets / Fund Balance$157,347$370,355▲ $213,008
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Richard Glass Jr EddChief ExecutFT$45,000$45,000
Karen SwabackOperations DFT$3,654$3,654

Board Members and Trustees

NameTitle
Ann ZeilerBoard Chair
David AndersonVice Chair
Anslem GardnerDirector
Clarence NixonDirector
Erik AndersonDirector
Gemara WilliamsDirector
Jim GagnardDirector
Megan WesselsDirector
Richie MarreroDirector
Tiffany Sanders-sostrinDirector
Virginia DevlinDirector
Zeb MclaurinDirector
Ryan LazarusSecretary
Forest BaileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$697,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$630,318
Change in Net Assets
$208,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$697,100
Revenue Not Reported on Form 990
$169,991
Total Revenue per Audited Statements
$867,091
Total Revenue per Form 990
$697,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$420,351
Total Fundraising Expense$119,202
Other Expenses$68,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,999-$94,333$377,332
Payroll Taxes$21,120-$7,040$28,160
Other Employee Benefits$11,144-$3,715$14,859
Fees for Services Accounting-$12,485-$12,485
Insurance--$9,535$9,535
Advertising$1,811-$1,812$3,623
Occupancy-$3,532-$3,532
Information Technology$1,995--$1,995
Office Expenses--$1,193$1,193
Other Expenses$3,810-$1,007$1,007
All Other Expenses-$440$527$967
Travel$39-$40$79
Total Functional Expenses$352,990$16,457$119,202$488,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$658,640
Expenses per Audited Statements$488,649
Total Expenses per Form 990$488,649
Expenses Not Reported on Form 990$169,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$68,242
Credit Card Payable$3,097
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“An officer of the board receives a copy of the return for review prior to filing. Copies of the return are made available to all board members.”

Form 990, Page 6, Part VI, Line 15B

“The school board is responsible for determining the annual salary of all schoool personnel.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Ryan Banks Academy
EIN
47-3666107
Address
5401 S WENTWORTH, CHICAGO, IL 60609

Signing Officer

Name
Forest Bailey
Title
Treasurer
Phone
2195103383
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Richard Glass Jr Edd
Formed
2015
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
8

Preparer

Firm
Evenhouse & Co Pc
Address
1S660 MIDWEST RD STE 250, OAKBROOK TERRACE, IL 60181-4460
Preparer
Benjamin D Meyer CPA
Phone
6308323225
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Ryan banks academy is chicago's first tuition-free, inner city, co-ed residential boarding school for underserved children grades 7th through 12th. Rba will combine a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generations of leaders, thinkers, and world- changers.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Examples of tax positions include the tax-exempt status of the organization and the continued tax exempt status of various positions related to the potential sources of unrelated business taxable income (ubti). At june 30, 2021, there were no unrecognized tax benefits identified or recorded as liabiliites.”

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0282999
IRS990/OtherSalariesAndWagesGrp/TotalAmt0377332
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07040
IRS990/PayrollTaxesGrp/ProgramServicesAmt021120
IRS990/PayrollTaxesGrp/TotalAmt028160
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DR RICHARD GLASS JR EDD
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IRS990/PYContributionsGrantsAmt0513801
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IRS990/PYOtherExpensesAmt0327238
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0169991
IRS990ScheduleD/DonatedServicesUseFcltsAmt0169991
IRS990ScheduleD/ExpensesNotReportedAmt0169991
IRS990ScheduleD/ExpensesSubtotalAmt0488649
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0169991
IRS990ScheduleD/RevenueSubtotalAmt0697100
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND THE CONTINUED TAX EXEMPT STATUS OF VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). AT JUNE 30, 2021, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILIITES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt0488649
IRS990ScheduleD/TotalLiabilityAmt071339
IRS990ScheduleD/TotalRevenuePerForm990Amt0697100
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0867091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0658640
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RYAN BANKS ACADEMY PUBLICIZES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THE REGISTRATION PAGE OF THEIR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RYAN BANKS ACADEMY IS CHICAGO'S FIRST TUITION-FREE, INNER CITY, CO-ED RESIDENTIAL BOARDING SCHOOL FOR UNDERSERVED CHILDREN GRADES 7TH THROUGH 12TH. RBA WILL COMBINE A HIGH-QUALITY, FUTURE-FACING STEAM CURRICULUM WITH AN INTEGRATED SOCIAL-EMOTIONAL EDUCATION IN ORDER TO PROPEL STUDENTS OUT OF POVERTY AND INTO THE NEXT GENERATIONS OF LEADERS, THINKERS, AND WORLD- CHANGERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN OFFICER OF THE BOARD RECEIVES A COPY OF THE RETURN FOR REVIEW PRIOR TO FILING. COPIES OF THE RETURN ARE MADE AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL BOARD IS RESPONSIBLE FOR DETERMINING THE ANNUAL SALARY OF ALL SCHOOOL PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0370355
IRS990/TotalAssetsGrp/BOYAmt0157347
IRS990/TotalAssetsGrp/EOYAmt0370355
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0697100
IRS990/TotalEmployeeCnt08
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016457
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0352990
IRS990/TotalFunctionalExpensesGrp/TotalAmt0488649
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066782
IRS990/TotalLiabilitiesEOYAmt071339
IRS990/TotalLiabilitiesGrp/BOYAmt066782
IRS990/TotalLiabilitiesGrp/EOYAmt071339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt090565
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0299016
IRS990/TotalProgramServiceExpensesAmt0352990
IRS990/TotalReportableCompFromOrgAmt048654
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0697100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0157347
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0370355
IRS990/TravelGrp/FundraisingAmt040
IRS990/TravelGrp/ProgramServicesAmt039
IRS990/TravelGrp/TotalAmt079
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.RYANBANKSACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FOREST BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02195103383
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RYAN BANKS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0RYAN
ReturnHeader/Filer/EIN0473666107
ReturnHeader/Filer/USAddress/AddressLine1Txt05401 S WENTWORTH
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060609

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$370,355
Liabilities
$71,339
Net assets
$299,016
Revenue
$697,100
Expenses
$488,649
Net income
$208,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.00$3.40$6.53$6.18$0.35
2021Detailed filing. Detailed filing data is available for this year.$3.70$0.71$2.99$6.97$4.89$2.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.67$0.91$5.14$7.04$1.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.63$3.38$3.72$0.34
2018Summary only. Only limited summary data is available for this year.$0.97$0.00$1.02$0.25$0.78